Amending Protocol to Tax Treaty Between Luxembourg and Russia has Entered into Force
The Russian Ministry of Finance has announced that the amending protocol to the 1993 income and capital tax treaty between Luxembourg and Russia entered into force on 5 March 2021. The protocol, signed 6 November 2020, is the second to amend the treaty and includes the following changes:
- Paragraph 2 of Article 10 (Dividends) is replaced, providing for a standard withholding tax rate of 15%;
- A…